Investors Call For Food Companies That Oppose Labeling to Stay Out of Washington State GMO Battle
Investors Call For Food Companies That Oppose Labeling to Stay Out of Washingto…
Companies that donated funds to oppose ballot initiatives to require the labeling of products containing genetically modified organisms (GMOs) are facing new pressure from shareholders to stay out of future elections.
Leading up to the vote on Washington State’s ballot initiative to require GMO labeling, As You Sow (AYS), the Green Century Equity Fund, the Environmental Working Group (EWG), and the U.S. Public Interest Research Group (U.S. PIRG) are filing resolutions asking the top corporate donors to the opposition of last year's California GMO labeling ballot initiative (Prop 37) to refrain from using corporate funds to influence political elections. Investors note that many of the companies that contributed to anti-Prop 37 measures experienced significant consumer backlash on social media sites and were the subject of consumer boycotts.
